365Telugu.com online news, February 4th,2025: WeWork India Management Limited (“WeWork India”), one of the leading providers of premium flexible workspaces in India, has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”).
The company holds the distinction of being the largest flexible workspace operator by total revenue in the last three fiscal years, as per CBRE.
WeWork India offers flexible, high-quality workspaces catering to a wide spectrum of clients, including large corporations, small and medium-sized businesses, startups, and individuals. Its member base includes prominent Fortune 500 companies, international and domestic enterprises, large corporations, GCCs, MSMEs, and startups.
The company’s proposed Initial Public Offering (IPO) will involve an Offer for Sale (OFS) of up to 43,753,952 equity shares.
The OFS includes up to 33,458,659 equity shares by Embassy Buildcon LLP (“Promoter Selling Shareholder”) and up to 10,295,293 equity shares by 1 Ariel Way Tenant Limited (“Investor Selling Shareholder”).
WeWork India will not receive any proceeds from the offer for sale.
The Book Running Lead Managers for the issue include JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited.
WeWork India’s strong brand presence, bolstered by its association with the global WeWork network, has helped it attract and build long-term relationships with marquee global brands such as Amazon Web Services, JP Morgan, Warner Bros.
Discovery, Deutsche Telekom, and Grant Thornton. The company holds the exclusive license to operate the WeWork brand in India.